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Mexico’s Citibanamex moves closer to inking sale, executive says – Metro US

Mexico’s Citibanamex moves closer to inking sale, executive says

FILE PHOTO: A man exits a Citibanamex bank branch in
FILE PHOTO: A man exits a Citibanamex bank branch in Mexico City

MEXICO CITY (Reuters) – Citibanamex, Citigroup’s Mexican consumer banking arm, started sharing information with potential bidders, one of the first steps in a process to find a new owner, Chief Executive Manuel Romo said on Friday.

Romo added during a call to discuss the company’s first-quarter results that many bidders have expressed interest since the unit was put up for sale months ago.

(Reporting by Valentine Hilaire)

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